Plains Gp Holdings (PAGP) Tax Rate (2012 - 2026)

Plains Gp Holdings' (PAGP) quarterly Tax Rate came in at 2.4% in Q1 2026, down 585.0% year-on-year from 0.5% in Q1 2025, and down 90.48% sequentially from 25.23% in Q4 2025.

Plains Gp Holdings (PAGP) Tax Rate (2012 - 2026) Analysis & Trends

Plains Gp Holdings' Tax Rate history runs 15 years deep, the most recent figure standing at 2.4% for Q1 2026.

  • In Q1 2026, Tax Rate fell 585.0% year-over-year to 2.4%; the TTM figure through Mar 2026 stood at 10.07% (down 92.0% YoY), while the FY2025 annual figure was 6.59%, down 192.0% from the prior year.
  • Tax Rate came in at 2.4% for Q1 2026 at Plains Gp Holdings, down from 25.23% in the prior quarter.
  • Over five years, Tax Rate peaked at 25.23% in Q4 2025 and troughed at 34.78% in Q4 2023.
  • The 5-year median for Tax Rate is 8.25% (2025), against an average of 7.32%.
  • The widest annual swing landed in 2023, when Tax Rate sank 4228 bps; it then soared 5145 bps in 2024.
  • A 5-year view of Tax Rate shows it stood at 7.5% in 2022, then slumped by 564 bps to 34.78% in 2023, then surged by 148 bps to 16.67% in 2024, then soared by 51 bps to 25.23% in 2025, then tumbled by 90 bps to 2.4% in 2026.
  • Per Business Quant data, the three most recent Tax Rate figures were 2.4% in Q1 2026, 25.23% in Q4 2025, and 6.55% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 24.82%
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 22.28%
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 1.45%
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 6.40%
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 20.27%
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 0.11%
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 24.00%
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn -
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 15.08%
10 Plains Gp Holdings 4.81 Bn 4.63 Bn 977.00 Mn 2.40%

Historic Data

Download Data
DateValue
Mar 31, 2026 2.40%
Mar 31, 2026 2.40%
Dec 31, 2025 25.23%
Dec 31, 2025 25.23%
Sep 30, 2025 6.55%
Sep 30, 2025 6.55%
Jun 30, 2025 6.99%
Jun 30, 2025 6.99%
Mar 31, 2025 8.25%
Mar 31, 2025 8.25%
Dec 31, 2024 16.67%
Dec 31, 2024 16.67%
Sep 30, 2024 1.95%
Sep 30, 2024 1.95%
Jun 30, 2024 18.39%
Jun 30, 2024 18.39%
Mar 31, 2024 14.56%
Mar 31, 2024 14.56%
Dec 31, 2023 -34.78%
Dec 31, 2023 -34.78%